Premier, Inc. (NASDAQ:PINC)‘s stock had its “hold” rating reiterated by analysts at Piper Jaffray Companies in a research note issued on Tuesday.

PINC has been the topic of a number of other research reports. Zacks Investment Research lowered Premier from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Bank of America Corporation raised their target price on Premier from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 25th. UBS AG reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $34.00) on shares of Premier in a report on Thursday, May 25th. BidaskClub lowered Premier from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of Premier in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Premier presently has a consensus rating of “Buy” and a consensus target price of $38.25.

Shares of Premier (NASDAQ:PINC) traded up 1.86% during midday trading on Tuesday, hitting $33.39. 863,411 shares of the company were exchanged. The company has a 50-day moving average price of $34.80 and a 200-day moving average price of $33.48. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.74 and a beta of 0.46. Premier has a 52-week low of $28.27 and a 52-week high of $36.50.

Premier (NASDAQ:PINC) last issued its quarterly earnings data on Monday, August 21st. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $403.10 million for the quarter, compared to analyst estimates of $400.45 million. Premier had a net margin of 31.41% and a negative return on equity of 13.95%. The business’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 EPS. On average, analysts forecast that Premier will post $1.91 EPS for the current year.

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In other Premier news, insider Craig S. Mckasson sold 10,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $33.55, for a total value of $360,662.50. Following the completion of the sale, the insider now owns 88,688 shares in the company, valued at approximately $2,975,482.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Leigh Anderson sold 1,099 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $35.29, for a total value of $38,783.71. Following the completion of the sale, the senior vice president now owns 7,655 shares of the company’s stock, valued at approximately $270,144.95. The disclosure for this sale can be found here. Insiders sold a total of 184,710 shares of company stock valued at $6,476,796 in the last quarter. Corporate insiders own 17.14% of the company’s stock.

Several hedge funds have recently made changes to their positions in PINC. Alps Advisors Inc. increased its position in Premier by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,462 shares of the company’s stock valued at $557,000 after buying an additional 40 shares during the period. Advisors Asset Management Inc. increased its position in Premier by 1.6% in the second quarter. Advisors Asset Management Inc. now owns 4,461 shares of the company’s stock valued at $161,000 after buying an additional 72 shares during the period. PNC Financial Services Group Inc. increased its position in Premier by 4.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,664 shares of the company’s stock valued at $117,000 after buying an additional 149 shares during the period. The Manufacturers Life Insurance Company increased its position in Premier by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 4,373 shares of the company’s stock valued at $157,000 after buying an additional 315 shares during the period. Finally, People s United Financial Inc. increased its position in Premier by 4.0% in the second quarter. People s United Financial Inc. now owns 9,728 shares of the company’s stock valued at $350,000 after buying an additional 372 shares during the period.

Premier Company Profile

Premier, Inc is a healthcare improvement company. The Company is uniting an alliance of approximately 3,750 United States hospitals and more than 130,000 other provider organizations to transform healthcare. The Company operates healthcare group purchasing organizations and also provides integrated data and analytics, supply chain solutions, advisory services, performance improvement collaborative and other services.

Analyst Recommendations for Premier (NASDAQ:PINC)

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